With equities closing broadly higher, the VIX ended the week in cooling mode, settling -6.9% @ 15.20. Across the week, the VIX saw a minor net weekly gain of 1.1%. Broadly, volatility remains due to increase into the summer.
Broadly, despite the sp'500 declining from 2111 to a new multi-month low of 2025, the VIX remains broadly subdued, stuck in the mid/low teens.
The bigger weekly MACD (blue bar histogram) cycle is set to see a bullish cross before end month... and that does bode for a powerful increase in volatility into June.
more later... on the indexes